GBP/USD higher, BOE in focus.

GBP/USD is trading at 1.5481, up 0.0048. The Bank of England left rates at 0.5 % and QE levels unchanged this morning. Chatter about U.K. Industrial production data due out Tuesday morning and possible comments by BOE members is making the rounds. The National Institute of Economic Research and Social Research (NIESR) estimates for U.K GDP are due Tuesday.